Who Should Have a Trust?

Young married couples without significant assets or children, who intend to leave their assets to each other when the first one of them dies, do not need a Revocable Living Trust and would not benefit from having a Revocable Living Trust. Other persons who do not have significant assets and have very simple estate plans also do not need a Revocable Living Trust. Finally, anyone who wants Court supervision over the administration of his or her estate should not have a Revocable Living Trust. The greater the value of your assets (particularly if you own real estate), the greater the need for a Revocable Living Trust.